Super Micro threatened with Nasdaq de-listing
Knives falls fast. Last night Super Micro was notified that it faces Nasdaq de-listing if it does not submit a “compliance plan.” That should be easy, they can… — Lew
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Lew
Miro slashes workforce by 275
Online whiteboarding tool Mira is dry-erasing 275 people from its workforce (18% of total) according to The Information. The company’s last valuation was 17.5 bil and has an… — Lew
Super Micro blasted by their auditors on the way out
Wow. In the strongest statement I’ve seen in a long time by an auditor, Ernst and Young has resigned as Super Micro Computer’s auditing firm saying that it… — Lew
MetaMask owner Consensys axes 20%
Blaming the regulatory environment and congress, Consensys’ CEO announced a 20% layoff across their entire business — including the popular MetaMask crypto wallet. This will reduce its headcount… — Lew
Janus International Group’s stock is in freefall after bad quarter & bad guidance
Q3 earnings are out and storage building company Janus International saw its sales fall 18% from last year. Its EPS was half of what analysts were expecting and… — Lew
Lilium NV plummets to the ground after gov declines to rescue it mid-air
In our second “falling to earth” headline metaphor of the day, Lilium NV will be shuttering its two subsidiaries after it failed to raise the 100mm in loans… — Lew
Spirit Airlines continues its tailspin
Making more moves to stave off bankruptcy after the courts refused an acquisition by JetBlue, Spirit is set to sell 23 planes and implement a cost-cutting (layoff) round.… — Lew
Espirit is shirtless
Eighties and nineties kids might remember when Espirit was the peak of cool, but no one else does. The failed fashion brand company is filing chapter 7 bankruptcy… — Lew
Is Zeta Global using weaselly language to play up its revenue retention expectations?
Lauren Balik has been looking into digital media company Zeta Global lately with posts about their election data and irregularities surrounding their “AI” play. Now she’s back with… — Lew